Global Risks Bode Well For Gold
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
Will the gold-backed international currency end the dominance of the U.S. dollar?
Experts have cited high import duty for the dip in imports of yellow metal; WGC sees a healthy upside for investment in 2023
Gold exchange traded funds added a record 877 tonnes during 2020, nearly 231 tonnes more than the 2009 record of 646 tonnes. Experts argue much of gold's growth drivers will continue in 2021 too.
At a time when India’s benchmark equity indices are hitting fresh highs every week, statistics show that gold is losing its safe haven sheen.
A World Gold Council report says global demand for gold has taken a beating, falling by as much as 19% in the third quarter of this year.
According to the World Gold Council, global gold-backed ETFs added 298 tonnes during January-March 2020, the highest quarterly addition since 2016.